Active Duty Health Professions Student Loan Repayment $20-120K

To Be Eligible … You must be a fully qualified health professional as determined by a U.S. military branch in an identified skill shortage area. You must also be serving as a commissioned officer who is serving on active duty. Those who qualify for this program are eligible to have up to: Financial Incentives for […]

Total And Permanent Disability

To Be Eligible … A physician must certify that the borrower is unable to engage in substantial gainful activity due to a physical or mental impairment. This impairment must be expected to result in death or last for a continuous period of at least 60 months, or it must have already lasted for a continuous […]

Parent Plus Discharge Due to Death

To Be Eligible … In the unfortunate case of the passing of the borrower, the borrower’s family can have the borrower’s loans discharged. Parent PLUS loans can be discharged if the borrower (the parent) dies or if the student on whose behalf the loan was borrowed dies. In the case of spousal Consolidation loans, only […]

False Loan Certification

To Be Eligible … This discharge is for borrowers whose schools falsely certified their eligibility for a loan. This can be caused by a school official falsely signing the borrower’s name on a loan application or master promissory note, which resulted in the borrower not benefitting from the funds. This is called a false certification […]

False Certification Due To Identity Theft

To Be Eligible … A person must have been convicted of borrowing the student loans in your name, and you must not have received any benefit from the loans. Generally, you must also file and submit a police report and various other evidence of identity theft as requested by the loan holder and/or the Department […]

Revised Pay As You Earn

To Be Eligible … You must be a Direct Loan borrower. FFELP loans can be consolidated into the Direct Loan program to become eligible, but Parent PLUS loans and Consolidation loans that repaid Parent PLUS loans are not eligible. You must make 20 years of eligible payments if you only borrowed undergraduate loans and 25 […]

Income-Contingent Repayment

To Be Eligible … You must make 25 years of eligible payments or 300 payments under the income-contingent repayment (ICR) program. Payments are calculated each year and are based on your annual income (this includes your spouse’s income if you file jointly), family size, and the total amount of your federal student loans. Payments are […]

Income-Based Repayment

To Be Eligible … You must make 25 years of eligible payments or 300 payments under the income-based repayment (IBR) program. Only payments made on or after July 1, 2009, count. Not all borrowers qualify for IBR. To qualify, you must have a partial financial hardship— meaning that payments to your eligible loans exceed 15% […]

Student Loans Discharged Due to Bankruptcy

To Be Eligible … In rare cases, borrowers may be eligible to have their student loans discharged due to bankruptcy. You will likely need to prove to a bankruptcy judge that repaying your loans would be an undue hardship. This standard generally requires you to show that there is no likelihood of any future ability […]

Spouses And Parents Of Victims Of September 11, 2001, Discharge

To Be Eligible … This discharge is available to the spouses of eligible public servants (police officers, firefighters, Armed Forces, or other safety and rescue personnel) or other eligible victims who died or became permanently and totally disabled due to physical injuries suffered in the September 11 attacks. If you meet these requirements, you are […]

Unpaid Refund Discharge

To Be Eligible … This is for borrowers who withdrew from school and the school should have returned all or a portion of their loans to the federal government and did not. You may be eligible for this whether your school is open or closed. If you meet the requirements, you are eligible to receive […]

Closed School Discharge

To Be Eligible … This program is for borrowers who could not complete their program of study because the school closed while they were enrolled or within 120 days of their attendance. If you were offered a Teach-Out Program and did not accept or completed your program of studies at another institution, you are not […]